Abercrombie & Fitch — Mar 4, 2026 release

Fiscal 2026 First Quarter and Full Year Outlook For fiscal 2026, the company expects: First Quarter Outlook (1) Full Year Outlook (1) Net sales Growth In The Range of 1% to 3% Growth In The Range of 3% to 5% Operating margin Around 7.0% In the Range of 12.0% to 12.5% Effective tax rate (2) Around 26% Around 29% Net income per diluted share (3) (4) In The Range of $1.20 to $1.30 In The Range of $10.20 to $11.00 Share repurchases (4) At least $100 million Around $450 million Diluted weighted average shares (3) (4) Around 46 million Around 45 million Capital expenditures In The Range of $200 to $225 million Real estate activity (5) (all approximate) ~30 Net Store Openings 55 Openings, 25 Closures 70 Remodels and Right-Sizes (1)     Includes the estimated impact of a 15% tariff on all goods imported into the United States, based on an announcement by the U.S. presidential administration on February 21, 2026. These tariffs are assumed to be effective beginning February 24, 2026, and to remain in effect for the entirety of fiscal 2026. Net of planned mitigation efforts, the outlook assumes a year-over-year tariff impact as a percentage of net sales of approximately 290 basis points for the first quarter and 70 basis points for the full year. This fiscal 2026 outlook does not include any potential refunds or recoveries of tariffs imposed pursuant to the International Emergency Economic Powers Act. (2)      The current outlook for effective tax rate is sensitive to the jurisdictional mix and lev